First Internet Q3 2024 Adj. EPS $0.80 Misses $0.83 Estimate, Sales $33.794M Beat $23.497M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Internet (NASDAQ:INBK) reported Q3 2024 earnings per share of $0.80, missing the consensus estimate of $0.83. However, the company achieved sales of $33.794 million, surpassing the expected $23.497 million and marking a 36.35% increase from the previous year.
October 23, 2024 | 9:12 pm
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First Internet's Q3 2024 earnings per share of $0.80 missed expectations, but sales significantly exceeded forecasts, growing 36.35% year-over-year.
While the EPS miss might initially concern investors, the substantial sales beat and year-over-year growth indicate strong business performance, likely leading to a positive short-term impact on the stock price.
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